Economics · Auditing
Which of the following supplier balances would indicate a high risk in relation to the COMPLETENESS of the liability recorded at the year-end?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1A suppl ier with a high balance at the year-end and with a high volume of transactions during the year
- 2A supplier with a low balanc e at the year-end and with a low volume of transactions during the year
- 3A supplier with a low balance at the year-end and with a high volume of transactions during the year✓
- 4A supplier with a high balance at the year-end and with a low volume of transactions during the year
Correct answer
A supplier with a low balance at the year-end and with a high volume of transactions during the year
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